U.S. Stocks Edge Higher

Stocks moved higher as a steep two-day slide sparked by political concerns lost momentum. Chris Dieterich has details on Markets Hub.

This transcript has been automatically generated and may not be 100% accurate.

... I ... if ... you are looking at the New York Stock Exchange and the Dow Jones industrial average for today ... stocks are up a bit at this point and to be down as much as I can point Spring martini in the futures ... here talk about his Christie for Titan to ... reach them to rejoin the fight so what ... led to this recovery today right in again to get some green for the first time ... in awhile today and we got a couple datapoints ... and metalworking favor as well some key technical levels where ... on people been watching some some sort of threshold levels where people might put in orders to sell or buy so when a couple things going on first of all consumer sentiment again ... I it's missing a five-year highs The displayed in a lot of worries that we have we have a consumer that still strong ... which seems to ... get a little bit of a boost to the markets in terms of timing we have another son factory ... inventory levels wholesalers are so stockpiling goods is a little forward-looking indicators that sort of indicates that maybe ... aam retailers are looking for no more demand the future ... underlying all that we have this awesome two hundred day moving average everyone is talking about this all day yesterday in the sky walking but it's important because this is sort of a level where ... a what if investors rules may be put in orders to buy or sell so we we saw a dip below that with less weight way yesterday ... continue that early but I got a bounce back so there's some sort of just Susan technical issues going on to the glitches in what that just means is people trying to digest whether you know what to do and so the concert is orders is expected to bounce back to sort of an important sign of strength the market and it is this the weeky does deserve a break in the action could it seems to be stall lot of negative negativity surrounding the market absolutely I mean talk to anybody who he is talking about how this is a turnaround but I'm ... Sunday as we look at his mobile pas in this one should never saw earlier this week if you know it's ... basically Obama and Bean are targeting the speaking late today is the market expecting anything from them ... in terms of expectations I think you know when when when they came out and Dom concert was a little conciliatory earlier in the week I think that's encouraging but again I think expectations are pretty well here ... always on fiscal issues are a really tough minded people are ... looking